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Alternative sweeteners are hugely used in the bakery & confectionery products, dairy products, and various frozen foods which will aid to upsurge the sales of alternative sweeteners during the forecast period of 2017-2023.
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Alternative sweeteners are food additives which contain no/low calories and can be used in
place of sugar due to their sweet taste. They are sweeter than table sugar and thus, a small
amount is sufficient to achieve the same sweetness level as sugar. They also help in enhancing
the flavor of foods. Alternative sweeteners can either be produced using natural sources or
synthetically. Synthetically produced sweeteners are also called artificial sweeteners. Natural
sweeteners include stevia, maple syrup, monk fruit, sucrose, and many others while artificial
sweeteners consist of aspartame, saccharin, sucralose, neotame, acesulfame potassium, and
many others. The global alternative sweeteners market is expected to reach USD 1.58 billion by
end of the year 2023 at a CAGR of 5% during the forecast period.
One of the significant reasons for the rising growth of alternative sweeteners market is the
mounting growth of various beverages. Beverages are gaining traction both in the developed
and developing economies. Increasing population coupled with the rising per capita disposable
income is anticipated to fuel the sales of beverages. Apart from that, factors such as rising
women workforce and increasing demand of convenience products are anticipated to be the
significant factors for increasing demand of beverages which is ultimately anticipated to fuel the
overall growth of alternative sweeteners market. Alternative sweeteners are hugely used in the
bakery & confectionery products, dairy products, and various frozen foods which will aid to
upsurge the sales of alternative sweeteners during the forecast period of 2017-2023.
The global alternative sweeteners market is segmented into North America, Europe, Asia
Pacific, Latin America, and the Middle East & Africa. Among these, North America is estimated
to account for the highest market proportion of 37.9% in the year of 2017 and the trend is
expected to continue throughout the forecast period. However, Asia Pacific region is projected
to expand at a high growth of 20.1% during the forecast period of 2017-2023.
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The global alternative sweeteners market is segmented into product type and application,
On the basis of the product type, it is segmented into artificial sweeteners, natural sweeteners,
and others. Among all, artificial sweeteners segment is projected to account maximum market
proportion and projected to grow at CAGR of 5.10% during the forecast period of 2017-2023.
On the basis of application, it is segmented into sweet snacks, bakery & confectionery, dairy &
frozen desserts, alcoholic beverages, non-alcoholic beverages, and others. The non-alcoholic
beverages segment is dominating the market. This segment is projected to grow at CAGR of
5.28% during the forecast period.
Some of the key players profiled in the global alternative sweeteners market: Archer
Daniels Midland Company (U.S.), Ajinomoto Co. Inc. (Japan), DuPont Nutrition & Health
(Denmark), Tate & Lyle Plc (U.K), Cargill Incorporated (U.S.), Ingredion Incorporated
(U.S.), Roquette Freres S.A. (France), Macandrews & Forbes Incorporate (U.S.),
Associated British PLC (U.K), JJD Enterprise (India), Heartland (U.S.), Niutang
Changhai Food Additives Co, Ltd. (China), Sunwin Stevia International (China), Monk
Fruit Corporation (U.S.) Avestia Pharma (India), Panchsheel Organics Limited (India),
A.B. Enterprise (India), Akhil Healthcare Pvt. Ltd. (India), Herboveda (India), Anhui Elite
Industrial Co.,Ltd (China), Hill Pharmaceutical Co. Ltd. (China), Shandong Shengwang
Pharmaceutical Co. Ltd. (China), Azúcares Prieto (Spain), Hangzhou Focus Corporation
(Shanghai), Denk Ingredients (Germany).
Global alternative sweeteners manufacturers
Food & Beverages industry
Raw material suppliers
Retailers and wholesalers
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The North America region is estimated to retain its dominance throughout the forecast
period and will grow at a substantial CAGR of 4.67%. Furthermore, among the Asia
Pacific countries, China is projected to witness a substantial growth of 7.65% during the
forecast period of 2017-2023.
Global alternative sweeteners manufacturers find massive opportunity in India especially
among the young population owing to increasing health and wellness trend in the
Regional and Country Analysis of Global Alternative sweeteners Market Development and
Demand Forecast to 2023 Market
The reports also cover country-level analysis:
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa